Marvell Technology Forecasts Q2 Revenue Above Estimates
Marvell Technology expects second quarter revenue of 2.70 billion dollars on AI chip demand. The outlook tops analyst estimates of 2.60 billion dollars.
Xurve View
Insights:
Xurve View
MARVELL TECHNOLOGY INC expects second-quarter revenue of $2.70 billion, exceeding the $2.60 billion average estimate from LSEG data. The forecast represents a 3.8% beat against market expectations for the period ending in July. Strong demand for AI data center networking and custom silicon chips continues to drive Marvell's growth trajectory.
